Financial Secrets and Lies
A recent investigation by the International Consortium of Investigative Journalists showed the pervasiveness of financial secrecy, which facilitates tax evasion, money laundering, corruption, and crime. Now, the international community – starting with the G-8 countries – must commit to enhancing financial transparency worldwide.
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LONDON – In early April, a major exposé of financial secrecy sent shock waves around the world. After devoting more than a year to examining 2.5 million leaked files, the International Consortium of Investigative Journalists (ICIJ), in partnership with several global news outlets, revealed the names behind more than 120,000 anonymous offshore companies and trusts.